Excel's Pit Stop: Reviving Formula 1's Competitive Edge Formula 1 is one of the most fast-paced working environments, and even the slightest advantage can make the difference between winning and losing. Yet, as technology evolved, the once-trusted tool of Excel began to hold back leading F1 teams due to its inherent limitations as a planning tool. The Williams F1 Team's recognition of Excel's limitations marked a turning point, revitalising their competitive spirit. Their cars were built in Excel up to and including the year 2024, almost resisting better-equipped software that would have ensured higher performance outputs. At Both&, we encourage businesses to break free from outdated methods and embrace a future of innovation and success. We guide businesses into the age of digitalisation and help them stay informed and up-to-date with the latest trends in tech. Formula 1's journey reminds us of the importance of adapting to change. Sometimes, there are streaks of gold in the old; other times, it is best to rapidly shift gears and evolve with the times. #Bothand #Formula1 #Excel #OutdatedSoftware #DigitalTransformation
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Watching a prestigious team like Williams Racing struggle in recent years has been tough. This candid insight from their new CEO, James Vowles, proves incredibly insightful. He highlights one of the reasons for their recent struggles: until very recently, their car was essentially being built using Excel. "The Excel list was a joke, impossible to navigate and impossible to update". Don't get me wrong, Excel is an excellent tool that I use daily. It's incredibly versatile and powerful, making it indispensable for many tasks. However, its very power and versatility can lead to it overstaying its welcome, resulting in many production processes being accidentally implemented in Excel. (Gentle plug) If this sounds familiar to you or your business, you're not alone. Feel free to get in touch. We have some excellent tools and extensive experience ready to help solve this exact problem. [Video Link: https://lnkd.in/ew3wUnyH] #F1 #WilliamsRacing #BusinessEfficiency #OperationalExcellence #TechInnovation
The shocking details behind an F1 team’s painful revolution
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Excited to share my latest article exploring the cutting-edge tech, intense rivalries, and cultural impact of #Formula1! Discover how F1 is pushing boundaries on and off the track. Check it out! #F1 #Motorsport #Innovation
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The first race of the new F1 season is fast approaching 🏎️ Many of you by now have probably seen this video floating around. It shows the constant improvement with tyre changes throughout the years. Though it's a few seconds saved, it could be the difference between 1st and 5th place It's the perfect representation of constant improvement, a core belief we at 4PointZero hold. Every person and the tools they use work together and improve to help create an efficient result. Are you watching the F1 this year? How quickly do you reckon you could change a tyre? 🤣 #efficiency #f1
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Fascinating story of F1 Williams team's transformation journey! Did you know they were 20 years behind other F1 teams in some areas, and even built and managed their F1 car in Excel? But they recognized that this was not the foundation for better results. So, they overhauled their processes, systems, and culture. It wasn't just about performance, but also the number of developments throughout the season. When do you think it's the right time for a company to undergo a transformation by redesigning its processes, structure, systems, and teams? @movie credits The race #f1 #companytransformation #processredesign #transformation #advancedorganisationalconsulting
The shocking details behind an F1 team’s painful revolution
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As a big Formula 1 (F1) fan, I see striking parallels between racing and financial planning. Both demand precision, strategy, and adaptability such as: - Having a race strategy – Like a driver studying the circuit, financial success starts with a well-thought-out plan. - Consistency over speed – Winning isn’t just about going fast; it’s about consistency, much like building wealth over time. - Adapting to changing conditions – Whether it's weather on the track or market shifts, being flexible with your approach is crucial. In F1 and in life, it’s not always about how fast you go, but how well you handle the journey! #F1 #FinancialPlanning #Strategy #WealthBuilding
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Some of you may know I'm a mad keen Formula 1 fan. I stumbled across this today, and felt it resonated closely with a lot of what I do. The Williams F1 Team’s struggle with outdated systems is a stark reminder: Holding onto the past can cripple your future. They embarked on a technological overhaul not for the sake of it, but to survive in the fiercely competitive world of F1 racing. This isn’t just about a racing team; it’s about every small business owner looking to make their mark. Your team’s energy and creativity are your most valuable assets. When bogged down by inadequate systems, their ability to innovate and push boundaries diminishes. Especially if you too are stuck using Excel to run your business! This scenario underscores a critical lesson for small business owners. The efficiency of your operations directly impacts your team’s ability to perform and innovate. The aspirations you hold for your business, the dreams that propelled you to start this journey, hinge on embracing change and investing in bringing your business into the current day! So, what are you going to do to redefine the future of your business so to invest in the well-being of your team? https://lnkd.in/e_b7dBJq
✂️ Williams F1 Team Implementing Processes
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How competitive is F1 really? This article breaks down some numbers for you fans out there. I knew it was super competitive, but some of these are insane. #F1 https://lnkd.in/gTaJw3PV
12 stats that highlight just how competitive F1 is right now
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It's not an exaggeration to say that Excel cost Williams Racing millions during their car development the last couple years. You know that program you use to manage your finances and basic models? Try building a high performance race car with tens of thousands of parts using only excel. The team almost didn't make it for pre-season with a finished car this year due to all the inefficiencies. Through proper process management, workflows, and personalized apps, the team will be able to build a better culture and become far more efficient. This will save millions of dollars, letting them spend that towards further development of the car, and gain them the much needed to speed to cacth up to the front runners. Imagine what they could achieve if we built those new processes in #lowcode 👀 I guarantee after a year they will be much farther along in that chase up the standings. Shout out to The Race for this great video https://lnkd.in/gZ8_7xRH
The shocking details behind an F1 team’s painful revolution
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The Drive To Survive Phenomenon: How A Docuseries Transformed F1 #formula1 #drivetosurvive https://lnkd.in/epP8SUCs
The Drive To Survive Phenomenon: How A Docuseries Transformed F1
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Do you think giving points to every entry would be a good idea for Formula 1? Team bosses and CEOs seem to think that way! Read all about it in my latest article for Pit Debrief! https://lnkd.in/dP23N6_X
Team bosses and CEO’s argue in favour of awarding F1 points all the way down to 20th
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